Comparing the current results to its competitors, American Bio Medica reported Revenue decrease in the 1 quarter 2023 year on year by -53.28 %, faster than the overall decrease of American Bio Medica's competitors by -11.82 %, recorded in the same quarter.
American Bio Medica Corporation achieved net profit of $1.88 millions compared to a net loss of $-0.38 millions recorded in the same quarter a year ago.
Publicly Traded Peers of American Bio Medica Corporation
Abbott Laboratories Share Performance
+24.53%
This Quarter
Abbott Laboratories
Profile
Abbott Laboratories operates as a diversified healthcare company with a focus on developing and manufacturing a wide range of health-related products, including pharmaceuticals, medical devices, nutritional products, and diagnostic technologies. Their business model emphasizes innovation and quality, aiming to address the diverse needs of patients and healthcare providers across various sectors globally. By leveraging their expertise and extensive portfolio, Abbott strives to enhance patient outcomes and improve the overall quality of life.
Align Technology Inc. employs a direct-to-consumer business model centered around its Invisalign clear aligners, which are marketed through licensed orthodontists and general practitioners. The company also operates a comprehensive digital platform that allows healthcare professionals to submit patient cases for treatment planning and to monitor patient progress throughout their orthodontic journey.
Quest Diagnostics Inc operates as a leading provider of clinical laboratory and diagnostic information services, catering to patients, healthcare professionals, hospitals, and pharmaceutical companies. The company generates revenue through a comprehensive suite of diagnostic testing services, encompassing routine lab tests, advanced molecular diagnostics, and a variety of specialized tests tailored to support clinical decision-making and patient care.
Labcorp Holdings Inc operates as a major healthcare diagnostics company, providing clinical laboratory tests and services to healthcare providers, pharmaceutical companies, and government agencies. Their business model emphasizes delivering accurate and timely test results to aid in patient diagnosis, treatment, and monitoring.
Thermo Fisher Scientific Inc operates as a global leader in scientific research and services by delivering an extensive range of high-quality scientific instruments, reagents, consumables, and software solutions tailored to industries such as healthcare, pharmaceuticals, biotechnology, academia, and government. The company enhances its value proposition through a comprehensive suite of services, including laboratory outsourcing, scientific consulting, and data analysis, which help streamline research and development processes for its customers. By leveraging advanced technology and deep industry expertise, Thermo Fisher empowers researchers and organizations to drive innovation and accelerate scientific discovery.
Sources:
American Bio Medica Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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